the problem is you do'nt know when you need the cash urgently...
if so happen there's emergency and you need the money when the price is at low point...u still have to sell at a loss...

within 50 mins...the buy price at Public bank goes from RM163 to RM158... fulamak...

can...i manage to sell...

works for me...

weird...i feel happy see the price drop now...although i still got 10 gram stuck in my account to maintain it..hahaha....

that is my plan lor...

this is one advantage of using online public bank to purchase gold... no need to waste time and effor to go to bank...
and also you can buy/sell quite fast...

just now got ppl say the website cannot login and sell...but no issue for me...

i agree...but this are the pros and cons lor...
so it's up to the investor to decide to go with UOB or online...it's a matter of personal choice...

sometimes u wanna rush to buy also need time and effort...like when you sell also cannot sell immediately...have to go bank..queue... and god knows...1 hour can make big difference....

but on the other hand... UOB spread is RM2 only right?

so it's personal choice.. personal decision... most of us already shared all the options available...

There is a word for this.. Called denial...

Quinn,

My noob... Started to read on ichimuku today.

Graph 1 and 3 still bearish..

Graph 2 still not yet breakout for reversal pattern?

Means next few days still going down?

Thanks in advance sifu.

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Added on September 26, 2011, 8:31 pmBtw.... I no look hammer... I look atbasic chart first

This post has been edited by kevyeoh: Sep 26 2011, 08:31 PM

lets face it...this is an open forum and anyone can post anything... i don't see anything wrong with sharing...or if you disagree, just give your reasons...

i think all of us here are 'mature' enough to read ourselves and decide on our own which input to take....

i think everyone is free to give their comments... and if you're interested..just continue to participate in discussions....

i'm starting to read up on michimoku and now got this pulak... ish... potong stim nia....

i don't think the scenario you paint here is likely la..that means it will continue to spiral down until zero..then yes...his method of cut loss will end up no value...


but realistically...will it ever reach that low?

my personal answer is....no... although nothing is 100% sure in this world.... but 99% no chance of it happening...

so can you please help educate us?
i don't understand why print more money can be a good opportunity for gold?

are you saying that due to inflation...then gold will increase price also ?

+1...only if you're the person who is not emotionally stable and keep on buy/sell according to price? hahaha...like me...

but long term folks...they don't care i guess...those who keep and hold...

dang...i thought wanna buy RM15x...now price go up again...

Hmm...this 1 to 2 years is very misleading...

when i take a look at the gold trend for the past 30 years...

what i see is from 1982 until probably 2005, if you bought it at 1982 and you sell at sometime before 2005, you might not even earn anything...the price was pretty flat below USD500/ounce....
in fact...you might lose money.... and that's how many years we're talking about? if you have saved the money in FD in that period with compounded interest, i'm not sure if the FD might even yield more return than the gold capital gain...

so to those who even think that you will earn if keep 'long' term 1-2 years... u better consider properly...

good luck ...

Hi donnie,

Only if you buy and hold for 3years. Read my post again. If your long term timing is wrong, not necessary you will gain.



[quote=donnie.brasco,Sep 28 2011, 03:05 PM]
[quote=kevyeoh,Sep 28 2011, 02:11 PM]
Hmm...this 1 to 2 years is very misleading...

when i take a look at the gold trend for the past 30 years...

what i see is from 1982 until probably 2005, if you bought it at 1982 and you sell at sometime before 2005, you might not even earn anything...the price was pretty flat below USD500/ounce....
in fact...you might lose money.... and that's how many years we're talking about? if you have saved the money in FD in that period with compounded interest, i'm not sure if the FD might even yield more return than the gold capital gain...

so to those who even think that you will earn if keep 'long' term 1-2 years... u better consider properly...

good luck ...

[/quote

I dont know where you got that info, but from the history shown here Gold Price History , the 30 years trend is increasing.



[/quote]

no point continue arguing about flame or no flame... it will be great if we can just share information..

either news or info from other website..
or
technical chart analysis
or
gut feelings sharing

whatever it is...just share and everyone can take and choose which inputs...

i missed the earlier thread on buysell vs quinn conversation but i won't waste my time go dig back and read....

lets just continue with the open discussion...even if it's a baseless or no data information kinda of thing...still just share it out and maybe explain why you think so...

for me...i just start to read up on ichimoku...hehe...based on my 2-3 days old knowledge...and what i understand from the chart... it's still in bearish situation...

on my personal gut feeling...i feel very uncertain now because as what i have pointed out earlier in the 30 years gold trend history...only in recent years the price really shoot up like mad and who knows how far and how long this trend can sustain? Will it happen like sometime in 1981 or 1982 when it shot up quite high in price and then it crash...and for many many years..the price is pretty much flat and doesn't really improve? will it happen? no one knows...

so my personal plan at this moment...wait and see.... i don't buy yet...

my personal gold trading record: made a loss of about RM400+ ?

so hehe...i'm just adding up a post in this thread...

This post has been edited by kevyeoh: Sep 29 2011, 11:42 AM

err... the range is like 163x to 161x.... i don't consider that small drop as a freefall ler...

the price flat around 16xx region... personally i'm not sure which direction it's heading... so just sit at the sideline and look see look see...

tradition? since small... at least..i'm educated to think that gold is precious...


but sometimes i realize...if you go back to the time...when you don't use money.... barter trade...i think i will trade food for food...not gold for food... gold cannot eat..haha